The just released 11th Annual Demographia International Housing Affordability Survey shows the least affordable major housing markets to be internationally to be Hong Kong, Vancouver, Sydney, along with San Francisco and San Jose in the United States. Honolulu, which should reach 1,000,000 population this year (and thus become a major metropolitan market) was nearly as unaffordable as San Francisco and San Jose. An interactive map in The New Zealand Herald illustrates the results. read more »

The U.S. may have its first black president, but these have not been the best of times for African-Americans. Recent shootings of unarmed black teenagers and the murder of two New York City police officers have inflamed racial tensions. A Bloomberg poll in December found that 53% of respondents believed that race relations have declined since Obama was elected in 2008. read more »

People advance two main sorts of arguments in favor of things for which they advocate: the moral argument (it’s the right thing to do) and the utilitarian one (it will make us better off). As it happens, in practice most people tend to implicitly suggest there’s a 100% overlap between the two categories. That is, if we do what’s right, it will always make us better off too with no down sides at all.

A frequent and entirely valid point made by representatives of public sector unions is that their membership, government workers, need to be able to afford to live in the cities and communities they serve. The problem with that argument, however, is that nobody can afford to live in these cities and communities, especially in California. read more »

California, after nearly five years in recession, has made something of a comeback in recent years. Job growth in the state – largely due to the Silicon Valley boom – has even begun to outpace the national average. The state, finally, appears to have finally recovered the jobs lost since 2007.

To some, this makes California what someone called “a beacon of hope for progressives.” Its “comeback” has been dutifully noted and applauded by economist Paul Krugman, high priest of what passes for the American Left. read more »

Asians have emerged as the fastest growing of the three major ethnic and minority populations in the United States. According to Census Bureau data, the number of US native and foreign-born Asian residents rose 56 percent from the 2000 Census to the 2013 American Community Survey (one year release). This is calculated by comparing estimates based on interviews with residents who have classified themselves as a single race and Asian. In the last two censuses, respondents have been asked to designate their race, with the option of selecting more than one ("combinations"). read more »

Check out these photos and try to guess where they were taken. If you thought Cleveland, Pittsburgh, Detroit, Buffalo, Cincinnati, or a dozen other Rustbelt towns you’d be mistaken, although your confusion is completely understandable. It’s actually Portland, Oregon – that bastion of liberal, crunchy, hippie, yuppie, hipster, eco-friendliness. Go figure. I’m not putting down Portland. Portland is great. I love Portland. I’m making a point about the reputation of some cities and how we perceive places differently based on a lot of vague stereotypes. read more »

Data on incomes of households for US counties allow us to see the geographic patterns of poorer, average and richer households. Covering the numbers of households and shares of households that are relatively poor to rich, we get a fascinating picture of American economic diversity. read more »

Florida is on track to break the 20 million population mark by 2016, or possibly even this year. The Sunshine State will displace New York as the third most populous state in the country, just behind California and Texas. Nationally, rural counties absorb a lot of newcomers of modest income or fixed income seeking affordable places to live. Here in Orlando, however, banks and developers are betting big on a newfound taste for the urban lifestyle, beckoning new arrivals with hip-looking apartments and parking garages, often coupled with shopping plazas full of pricey, name-brand retailers. read more »